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RE: Coinbase Delays BTC Withdrawals, Multibit HD Dies, BTC-E Ethereum Funds Move
It was a nightmare, but I got my BTC out of Coinbase. Gave up and went to bed last night 17 hours and no confirmations. Woke up this morning and it was in my Trezor wallet thank goodness...
Coinbase is so bad in so many ways...
Back on July 27, 2017, it took about 3 hrs for the transaction to appear on the Bitcoin blockchain. So you just have to be patient. If it doesn't show up after 6+ hrs, then I'd be concerned.
Hopefully, Segwit helps to alleviate this type of network congestion. And then the 2 MB block increase in Nov should improve the transaction flow even more.
I'll sell you segwit coins for Bitcoin Cash coins
My friend has been waiting 18 hours. I helped someone else 8 hours ago and still pending. Safe to say it's time to be concerned.
Just transferred from Coinbase to Copay mobile wallet. Took me 22.5 hours to move my BTC. Not exactly confidence inspiring to say the least!
If I sold my truck for $9000 us dollars 💵 or 3.36 bitcoin would it take 6 hours to process the transaction? What if I meet a guy on the street and he had enough bitcoin, how long would that take? I need to set up Walet . @briandenver
then you ask for Dash not Bitcoin and it would take minutes :) or better yet steem
Thanks for the great reply I @briandenver will read your comments and articles then make my own comments about the other information that others have left. Up vote and follow thanks.
It didn't seem to matter (last night) which wallet I was transferring BTC from/to. It was oddly slow. The usual excuse of "the network is saturated" doesn't fly, though, because numerous blocks were far smaller than the typical "999827 bytes" (within a stone's throw of the 1MB maximum). If the miners were working non-stop full-tilt, then why were a sizable fraction of the blocks only 400k-600k? That implies that the mempool wasn't "full" (with backlogged transactions). Why else would a miner NOT pack more transactions into a block they're working? This was not limited to Coinbase. I had the same delays transferring from my Android wallet to Kraken, and from Coinomi wallet to Electrum.
Is this part of the reason why bitcoin value has been so volatile over the past week or two? I know people in Argentina and other South American countries are converting their wealth into bit coin to avoid the horrible effects of hyperinflation by their governments Fiat currency. Has this ever happened before? I can't imagine that coinbase Will have a very loyal customer base. @briandenver I have been thinking about buying bit coin but don't know which exchange to trust.
Are you referring to Bitcoin Cash? It didn't come out of nowhere - people have been asking for bigger blocks for years.
Glad to hear that. I love Trezor for the support they're giving BTC throughout this.
I am so glad I have a Ledger cold storage wallet throughout all of this.
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